First Mover Americas: Crypto Prices Little Changed, XRP Surges
The latest price moves in crypto markets in context for Aug. 8, 2024.
The latest price moves in crypto markets in context for Aug. 8, 2024.
The Japanese company announced its plan to adopt bitcoin as a reserve asset to hedge against the volatility of the yen in May.
Bitcoin swooned, and crypto markets followed. Should blockchain-project founders and developers be worried? PLUS: We break down Ronin Network’s $12 million run-in with white-hat hackers.
BTC has dropped over 13% this month, but all is not lost, according to key indicators.
It depends on what you’re trying to protect that value from. Market meltdowns like Monday’s? No. Confiscation or monetary inflation? Maybe.
The broker raised its year-end price target for the software company to $2,150 from $1,875.
“Kamala Harris must lay out her own agenda for cryptoassets or she risks ceding the ground entirely to the Republicans,” said the commentary from OMFIF’s Digital Monetary Institute.
Long-term holders are motivated to hold at bitcoin’s going market rate, implying an attractive risk-reward for existing or potential investors, according to the “reserve risk” indicator.
Both former President Donald Trump and Sen. Cynthia Lummis proposed the U.S. hold its bitcoin.
Still not switching over to mark-to-market, the company booked an impairment charge of $180.1 million in the second quarter.